WorldMark by Wyndham

WorldMark by Wyndham (formerly Trendwest) is the developer and marketer of WorldMark, The Club, a vacation ownership program and part of the Wyndham Worldwide Corporation.[1] The original development partner of the Club was Trendwest International (TWI), a subsidiary of Jeld-Wenn Industries, a privately held door and window manufacturer.[2]

WorldMark by Wyndham logo

Worldmark by Wyndham (WbW), which does not own WorldMark, the Club (WMtC or "the Club"), has a dual role for the Club. First, WbW develops new properties for the Club and sells vacation credits for these properties at a profit.[2] Additionally, WbW manages existing WMtC resort properties, the funds for which come from annual maintenance dues commensurate with the number of vacation credits each WMtC owner's account contains.

Timeline

WorldMark Timeline[2]

  • 1989: The Club, then known as Club Esprit, is founded by Bill Peare, with TWI as developer.
  • 1991: The Club Esprit name is dropped due to a trademark conflict with a similarly named manufacturer of clothing.
  • 1993: Club Esprit officially renamed WorldMark, The Club.
  • 1998: Trendwest is spun off from Jeld-Wen, and Trendwest filed to become a closely held company recognized by the NYSE. At this time Jeld-Wen owned 80% of TrendWest, with the remaining being owned by TrendWest Management.
  • May 2002: Cendant Corp. acquires Jeld-Wen’s interest in Trendwest.
  • July 2002: By this time all shares in Trendwest had been tendered, and Trendwest became a wholly owned subsidiary of Cendant Corp, and part of the Wyndham WorldWide brand.
  • April 2006: Cendant Corp spins off Wyndham WorldWide as a separate entity.
  • April 2007: Wyndham WorldWide renames Trendwest (TWI) as WorldMark by Wyndham.
gollark: 5/7/5 syllable pattern, or at least that is what it got interpreted as in English.
gollark: Ah, so you're wrong, I see.
gollark: Oh, Haiku? Cool.
gollark: Some things could be short but slow, e.g. replacing lookup tables with apioids.
gollark: Not necessarily.

See also
  • Wyndham Vacation Resorts, another timeshare company that is a division of Wyndham Worldwide.
  • Resort Condominiums International, another timeshare company that is a division of Wyndham Worldwide.

References
  1. WorldMark by Wyndham: FAQs
  2. The History of WorldMark | WMOwners.com History and Background

Further reading
  • Plunkett, J.W. (2008). Plunkett's Real Estate & Construction Industry Almanac 2008. Plunkett's Real Estate & Construction Industry Almanac. Plunkett Research Limited. p. pt534. ISBN 978-1-59392-112-5.
  • "Golden Beach resort joins Ramada family". Sunshine Coast Daily. December 3, 2015. Retrieved April 26, 2016.
  • "Trendwest Resorts ordered to pay penalties". Herald and News. February 12, 2016. Retrieved April 26, 2016.
  • "Cendant buys Trendwest Resorts". UPI. April 1, 2002. Retrieved April 26, 2016.
  • Adams, Steve (March 21, 2016). "Wyndham resort staff help victims of Cyclone Winston". RCI Ventures. Retrieved April 26, 2016.CS1 maint: ref=harv (link)
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.